NASDAQ · Technology

Skyworks Solutions, Inc.

SWKS · Semiconductors

$68.85

▼ -0.55 (-0.79%)

Data cached · refreshes every 10 min

Mr. Market is currently offering Skyworks Solutions, Inc. at $68.85.

The business passes 4 of 7 of Graham's defensive criteria — adequate but not exceptional.

Overall Grade

Defensive

Enterprising

Profitability B

Gross Profit Margin 41.2%

Operating Margin 12.8%

Net Income Margin 11.7%

Fin. Health A

Years to Pay Off Debt 2.5 yrs

Working Capital vs Long-Term Debt $1.3B

Working Capital $1.8B

Valuation F

Margin of Safety 0.0%

Price-to-Book 1.80x

Cash Flow C

Free Cash Flow $1.1B

CapEx % of Net Income 47.1%

Owner Earnings $1.2B

4/7

Graham Score

Enterprising

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Market Data

Market Cap $10.4B

Enterprise Value $10.1B

P/E (TTM) 26.38

Dividend Yield 4.06%

Exchange NASDAQ

Key Margins

Gross Profit 41.2%

Operating Margin 12.8%

Net Margin 11.7%

Company Info

Sector Technology

Industry Semiconductors

Employees 10000

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Skyworks Solutions, Inc. at $68.85.

The business passes 4 of 7 of Graham's defensive criteria — adequate but not exceptional.

At $68.85, the stock trades at a 34% premium to its Graham Number of $51.50. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Trading at 11.3x NCAV. Expected for most quality businesses — NCAV was designed to find depression-era bargains and rarely applies to modern profitable companies..

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

About Skyworks Solutions, Inc.

Skyworks Solutions, Inc., together with its subsidiaries, develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific. The company offers amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, wireless ASoC, DC/DC converters, demodulators, detectors, digital power isolators, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, and optocouplers/optoisolators. It also provides phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, ProSLIC family of subscriber line interface circuits, receivers, system in package, switches, synthesizers, timing devices, voltage-controlled oscillators/synthesizers, and voltage regulators. The company sells its products through direct sales force, electronic component distributors, and independent sales representatives. Its products are used in aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables applications. The company was founded in 1962 and is headquartered in Irvine, California.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022	2021
Gross Profit %	41.2% ▼	41.2%	44.2%	47.5%	N/A
Operating Margin %	12.8% ▼	18.8%	24.2%	28.4%	N/A
Net Income %	11.7% ▼	14.3%	20.6%	23.2%	N/A
Diluted EPS	3.08 ▼	3.69	6.13	7.81	N/A

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$7.9B	$8.3B	$8.4B	$8.9B	N/A
Total Debt	$1.2B ↑	$1.2B	$1.5B	$2.4B	N/A
Working Capital	$1.8B ▼	$2.7B	$2.2B	$2.0B	N/A
Years to Pay Debt	2.52	2.01	1.54	1.89	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$1.1B ▼	$1.6B	$1.6B	$915M	N/A
Owner Earnings	$1.2B	$1.2B	$1.8B	$2.5B	N/A
CapEx % of Net Income	47.1%	30.7%	24.0%	40.0%	N/A

Income Statement

	2025	2024	2023	2022	2021
Tax Effect Of Unusual Items	-2,279	-9,522	-2,518	-4,187
Tax Rate For Calcs	0	0	0	0
Normalized EBITDA	1,041,000	1,268,400	1,785,200	2,245,300
Total Unusual Items	-24,200	-150,000	-28,300	-30,700
Total Unusual Items Excluding Goodwill	-24,200	-150,000	-28,300	-30,700
Net Income From Continuing Operation Net Minority Interest	477,100	596,000	982,800	1,275,200
Reconciled Depreciation	463,000	451,300	613,700	690,100
Reconciled Cost Of Revenue	1,942,700	2,006,800	2,084,600	2,290,000
EBITDA	1,016,800	1,118,400	1,756,900	2,214,600
EBIT	553,800	667,100	1,143,200	1,524,500
Net Interest Income	-27,100	-30,700	-64,400	-47,900
Interest Expense	27,100	30,700	64,400	47,900
Interest Income					1,200
Normalized Income	499,021	736,478	1,008,582	1,301,713
Net Income From Continuing And Discontinued Operation	477,100	596,000	982,800	1,275,200
Total Expenses	3,562,700	3,390,600	3,619,100	3,927,800
Total Operating Income As Reported	500,000	637,400	1,125,000	1,527,000
Diluted Average Shares	155,100	161,500	160,300	163,300
Basic Average Shares	154,400	160,100	159,400	162,400
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	477,100	596,000	982,800	1,275,200
Net Income Common Stockholders	477,100	596,000	982,800	1,275,200
Net Income	477,100	596,000	982,800	1,275,200
Net Income Including Noncontrolling Interests	477,100	596,000	982,800	1,275,200
Net Income Continuous Operations	477,100	596,000	982,800	1,275,200
Tax Provision	49,600	40,400	96,000	201,400
Pretax Income	526,700	636,400	1,078,800	1,476,600
Other Income Expense	29,600	-120,300	-10,100	-33,200
Other Non Operating Income Expenses	53,800	29,700	18,200	-2,500
Special Income Charges	-24,200	-150,000	-28,300	-30,700
Restructuring And Mergern Acquisition			28,300	30,700	8,900
Gain On Sale Of Security					100
Net Non Operating Interest Income Expense	-27,100	-30,700	-64,400	-47,900
Interest Expense Non Operating	27,100	30,700	64,400	47,900
Interest Income Non Operating					1,200
Operating Income	524,200	787,400	1,153,300	1,557,700
Operating Expense	1,157,900	933,400	954,000	1,046,600
Depreciation Amortization Depletion Income Statement	900	900	33,200	98,900
Depreciation And Amortization In Income Statement	900	900	33,200	98,900
Amortization	900	900	33,200	98,900
Amortization Of Intangibles Income Statement	900	900	33,200	98,900
Research And Development	785,500	631,700	606,800	617,900
Selling General And Administration	371,500	300,800	314,000	329,800
Gross Profit	1,682,100	1,720,800	2,107,300	2,604,300
Cost Of Revenue	2,404,800	2,457,200	2,665,100	2,881,200
Total Revenue	4,086,900	4,178,000	4,772,400	5,485,500
Operating Revenue	4,086,900	4,178,000	4,772,400	5,485,500

Balance Sheet

	2025	2024	2023	2022	2021
Ordinary Shares Number	148,700	159,900	159,500	160,200
Share Issued	148,700	159,900	159,500	160,200
Net Debt			573,500	1,623,100	1,352,700
Total Debt	1,203,100	1,200,400	1,509,300	2,414,500
Tangible Book Value	2,771,400	3,259,500	2,683,900	1,847,600
Invested Capital	6,752,900	7,331,000	7,375,000	7,658,100
Working Capital	1,753,800	2,738,300	2,223,800	2,003,000
Net Tangible Assets	2,771,400	3,259,500	2,683,900	1,847,600
Capital Lease Obligations	207,300	206,100	217,000	225,400
Common Stock Equity	5,757,100	6,336,700	6,082,700	5,469,000
Total Capitalization	6,253,500	7,331,000	7,075,600	7,158,900
Total Equity Gross Minority Interest	5,757,100	6,336,700	6,082,700	5,469,000
Stockholders Equity	5,757,100	6,336,700	6,082,700	5,469,000
Gains Losses Not Affecting Retained Earnings	-5,100	-5,600	-5,600	-4,800
Other Equity Adjustments	-5,100	-5,600	-5,600	-4,800
Treasury Stock				0	1,700
Retained Earnings	5,656,900	6,032,900	5,876,000	5,421,900
Additional Paid In Capital	68,100	269,400	172,400	11,900
Capital Stock	37,200	40,000	39,900	40,000
Common Stock	37,200	40,000	39,900	40,000
Total Liabilities Net Minority Interest	2,159,900	1,946,600	2,344,000	3,404,800
Total Non Current Liabilities Net Minority Interest	836,700	1,343,900	1,388,300	2,177,900
Other Non Current Liabilities	84,100	35,800	43,900	67,600
Tradeand Other Payables Non Current	85,700	127,900	162,800	213,500
Long Term Debt And Capital Lease Obligation	666,900	1,180,200	1,181,600	1,896,800
Long Term Capital Lease Obligation	170,500	185,900	188,700	206,900
Long Term Debt	496,400	994,300	992,900	1,689,900
Current Liabilities	1,323,200	602,700	955,700	1,226,900
Other Current Liabilities	96,200	38,100	44,800	45,000
Current Debt And Capital Lease Obligation	536,200	20,200	327,700	517,700
Current Capital Lease Obligation	36,800	20,200	28,300	18,500
Current Debt	499,400		299,400	499,200
Other Current Borrowings	499,400		299,400	499,200
Pensionand Other Post Retirement Benefit Plans Current	180,700	127,900	94,300	114,300
Payables And Accrued Expenses	510,100	416,500	488,900	549,900
Current Accrued Expenses	202,800	192,200	270,900	226,900
Payables	307,300	224,300	218,000	323,000
Total Tax Payable	71,300	52,500	58,800	48,800
Accounts Payable	236,000	171,800	159,200	274,200
Total Assets	7,917,000	8,283,300	8,426,700	8,873,800
Total Non Current Assets	4,840,000	4,942,300	5,247,200	5,643,900
Other Non Current Assets	77,500	78,300	56,500	141,500
Non Current Deferred Assets	375,600	303,500	192,300	52,700
Non Current Deferred Taxes Assets	375,600	303,500	192,300	52,700
Investments And Advances	14,200	11,400	4,100	500
Investmentin Financial Assets	14,200	11,400	4,100	500
Available For Sale Securities	14,200	11,400	4,100	500
Goodwill And Other Intangible Assets	2,985,700	3,077,200	3,398,800	3,621,400
Other Intangible Assets	809,000	900,500	1,222,100	1,444,700
Goodwill	2,176,700	2,176,700	2,176,700	2,176,700
Net PPE	1,387,000	1,471,900	1,595,500	1,827,800
Accumulated Depreciation	-3,112,000	-2,929,800	-2,781,600	-2,506,300
Gross PPE	4,499,000	4,401,700	4,377,100	4,334,100
Construction In Progress	86,700	88,700	107,600	157,200
Other Properties	192,400	191,600	205,400	223,000
Machinery Furniture Equipment	3,559,000	3,499,300	3,464,100	3,386,400
Buildings And Improvements	649,000	610,200	588,200	555,600
Land And Improvements	11,900	11,900	11,800	11,900
Current Assets	3,077,000	3,341,000	3,179,500	3,229,900
Other Current Assets	149,000	249,900	155,100	95,200
Prepaid Assets	201,000	234,800	306,000	242,300
Inventory	754,700	784,800	1,119,700	1,212,100
Finished Goods	169,300	234,000	315,700	325,500
Work In Process	540,600	520,500	746,800	805,300
Raw Materials	44,800	30,300	57,200	81,300
Receivables	598,100	508,800	864,300	1,094,000
Accounts Receivable	598,100	508,800	864,300	1,094,000
Allowance For Doubtful Accounts Receivable	-900	-900	-800	-800
Gross Accounts Receivable	599,000	509,700	865,100	1,094,800
Cash Cash Equivalents And Short Term Investments	1,374,200	1,562,700	734,400	586,300
Other Short Term Investments	212,900	194,100	15,600	20,300
Cash And Cash Equivalents	1,161,300	1,368,600	718,800	566,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	1,075,900	1,641,600	1,620,300	914,900
Repurchase Of Capital Stock	-874,600	-113,600	-211,200	-975,300
Repayment Of Debt	0	-300,000	-900,000	-50,000
Issuance Of Debt			0	0	2,488,200
Capital Expenditure	-224,900	-183,100	-236,100	-509,700
Interest Paid Supplemental Data	25,400	28,300	62,300	44,400
Income Tax Paid Supplemental Data	147,100	181,200	228,900	230,000
End Cash Position	1,161,300	1,368,600	718,800	566,000
Beginning Cash Position	1,368,600	718,800	566,000	882,900
Changes In Cash	-207,300	649,800	152,800	-316,900
Financing Cash Flow	-1,274,100	-819,000	-1,479,200	-1,362,600
Cash Flow From Continuing Financing Activities	-1,274,100	-819,000	-1,479,200	-1,362,600
Net Other Financing Charges					-5,800
Proceeds From Stock Option Exercised	33,100	33,700	37,200	35,800
Cash Dividends Paid	-432,600	-439,100	-405,200	-373,100
Common Stock Dividend Paid	-432,600	-439,100	-405,200	-373,100
Net Common Stock Issuance	-874,600	-113,600	-211,200	-975,300
Common Stock Payments	-874,600	-113,600	-211,200	-975,300
Net Issuance Payments Of Debt	0	-300,000	-900,000	-50,000
Net Long Term Debt Issuance	0	-300,000	-900,000	-50,000
Long Term Debt Payments	0	-300,000	-900,000	-50,000
Long Term Debt Issuance			0	0	2,488,200
Investing Cash Flow	-234,000	-355,900	-224,400	-378,900
Cash Flow From Continuing Investing Activities	-234,000	-355,900	-224,400	-378,900
Net Other Investing Changes	6,100	11,600	6,500	7,700
Net Investment Purchase And Sale	-15,200	-184,400	5,200	123,100
Sale Of Investment	618,300	86,500	294,000	220,300
Purchase Of Investment	-633,500	-270,900	-288,800	-97,200
Net Business Purchase And Sale			0	0	-2,751,000
Purchase Of Business			0	0	-2,751,000
Net Intangibles Purchase And Sale	-29,900	-26,100	-25,800	-20,300
Purchase Of Intangibles	-29,900	-26,100	-25,800	-20,300
Net PPE Purchase And Sale				7,700	0
Sale Of PPE				7,700	0
Capital Expenditure Reported	-195,000	-157,000	-210,300	-489,400
Operating Cash Flow	1,300,800	1,824,700	1,856,400	1,424,600
Cash Flow From Continuing Operating Activities	1,300,800	1,824,700	1,856,400	1,424,600
Change In Working Capital	193,200	563,900	161,000	-827,500
Change In Other Working Capital	173,600	-132,300	-72,500	-183,700
Change In Payables And Accrued Expense	67,100	10,400	-87,100	31,300
Change In Payable	67,100	10,400	-87,100	31,300
Change In Account Payable	67,100	10,400	-87,100	31,300
Change In Inventory	41,800	330,400	90,800	-337,300
Change In Receivables	-89,300	355,400	229,800	-337,800
Other Non Cash Items	-9,100	-6,300	500	2,500
Stock Based Compensation	232,400	180,300	185,100	195,200
Asset Impairment Charge	0	147,900	64,500	20,700
Deferred Tax	-55,800	-108,400	-151,200	68,400
Deferred Income Tax	-55,800	-108,400	-151,200	68,400
Depreciation Amortization Depletion	463,000	451,300	613,700	690,100
Depreciation And Amortization	463,000	451,300	613,700	690,100
Amortization Cash Flow	184,300	186,500	225,900	295,700
Amortization Of Intangibles	184,300	186,500	225,900	295,700
Depreciation	278,700	264,800	387,800	394,400
Net Income From Continuing Operations	477,100	596,000	982,800	1,275,200

These metrics estimate what Skyworks Solutions, Inc. is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$51.50

Margin of Safety

Market Cap ÷ Company Value

1.09

P/B Ratio

1.80

Warren's Owner Earnings

$1.2B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

4/7 — Enterprising Investor

✅ Adequate Size

$4.1B

vs > $1.5B revenue

✅ Strong Financial Condition

2.33x

vs Current Ratio > 2.0x

✅ Earnings Stability

No loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

4.06%

vs Uninterrupted dividends

❌ Earnings Growth

-60.6% EPS growth

vs > 33% EPS growth

❌ Moderate P/E Ratio

26.4x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

1.80x P/B (P/E×P/B: 47.4)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

$6.10

Trading at 11.3x NCAV. Expected for most quality businesses — NCAV was designed to find depression-era bargains and rarely applies to modern profitable companies.

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

$38.72

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	47.1%	30.7%	24.0%	40.0%	N/A
Repurchase of Capital Stock	-$875M	-$114M	-$211M	-$975M	N/A
Free Cash Flow	$1.1B ▼	$1.6B ▲	$1.6B ▲	$915M •	N/A •
Warren's Owner Earnings	$1.2B	$1.2B	$1.8B	$2.5B	N/A

Peers & Industry Comparison

Semiconductors — Auto-detected peers

Company	Price	Market Cap	P/E	Gross Margin	Net Margin	Revenue
SWKS	$68.85	$10.4B	26.38	41.2%	11.7%	$4.1B
NVDA NVIDIA Corporation	$198.48	$4,824.1B	40.5	71.1%	55.6%	$215.9B
AMD Advanced Micro Devices, Inc.	$341.54	$556.9B	131.4	52.5%	12.5%	$34.6B
INTC Intel Corporation	$95.78	$481.4B	N/A	37.2%	-5.9%	$53.8B
QCOM QUALCOMM Incorporated	$168.38	$177.5B	18.1	54.8%	22.3%	$44.5B
AVGO Broadcom Inc.	$416.50	$1,972.0B	81.0	76.7%	36.6%	$68.3B

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.41%

Low — management has little skin in the game

Return on Equity (ROE)

8.3%

Adequate — returns are moderate

Return on Assets (ROA)

6.0%

Strong — management uses assets efficiently

Share Buybacks (Latest Year)

$875M

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+0.2% YoY

Debt is roughly stable

Leadership Team

Philip Gordon Brace

CEO, President & Director

Age 54

Pay: $2,267,283

0.475% of net income

Philip Matthew Carter

Senior VP, CFO and Principal Financial & Accounting Officer

Age 46

Pay: $1,428,727

0.299% of net income

Karilee Durham

Senior Vice President of Human Resources

Age 56

Pay: $1,125,868

0.236% of net income

Rajvindra Gill

Vice President of Investor Relations

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	14.03%	21,103,896
Blackrock Inc.	12.95%	19,479,437
Pzena Investment Management LLC	10.71%	16,108,138
State Street Corporation	4.39%	6,600,800
Charles Schwab Investment Management, Inc.	3.92%	5,901,731
FIL LTD	3.45%	5,190,211
Invesco Ltd.	3.12%	4,686,686
Geode Capital Management, LLC	2.88%	4,336,603

⚠️ Short interest exceeds 20% — heavy bearish bets

Risk Analysis

Beta (Market Risk)

1.48

Moderate volatility — moves slightly more than market

Short Interest

23.5% of float

Heavy short selling — market has significant bearish bets

Debt-to-Equity

0.21x

Conservative balance sheet — low financial risk

Current Ratio

2.40x

Strong liquidity — Graham approved

52-Week Price Range

Low: $51.93 Current: $68.85 High: $90.90

Currently at 43% of 52-week range

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